£79,868
This estimated value is based upon the latest sale price for the house of £65,000 on 24 Jan 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 24 Jan 2020 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £65,000 results in an estimated price of approximately £79,868.
| 24 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £65,000 | £14,868 | £79,868 |
The Postcode Pricing Model uses changes in average sales price within the NE9 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 9.645 % | £6,269 | £71,269 |
| 3 Month Average | 8.613 % | £5,598 | £70,598 |
| 6 Month Average | 9.067 % | £5,893 | £70,893 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Aug 2024 | £100,000 | £100,000 | 16 FERNLOUGH |
| 10 May 2024 | £86,500 | £86,500 | 1 FERNLOUGH |
| 12 Dec 2023 | £77,378 | £75,000 | 22 LINGCREST |
| 15 Aug 2023 | £76,378 | £75,000 | 25 CRANESVILLE |
| 25 Jan 2023 | £100,268 | £100,000 | 40 FERNLOUGH |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 22 May 2019. Using an estimated price of £79,868 means this house is valued at £918 per sq meter (£85 per sq foot).
The average size of a house on SPEEDWELL is 113 sq meters (1,224 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hedgehope |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hedgehope |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hedgehope |
| Jul 2024 | Public order | Under investigation | On or near Hedgehope |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Hedgehope |